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Thu, 04 Nov 2021
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The dollar has lost 80% of its value against gold in the last 20 years

gold bits
For those among us who feel safe and secure - perhaps even a little smug - about the value of the U.S. dollar, convinced that a Venezuela-type crash of the currency could never happen in the United States, this article is sure to come as a shock. Gold Switzerland recently reported that in the two decades since 1999, the dollar has devalued against gold (real money) by over 80 percent.

The currencies of countries like Argentina and Venezuela were once strong and appeared just as invincible as the U.S. dollar. Nonetheless, Argentina has suffered one economic setback after the other in the last few decades, leaving the Peso 95 percent weaker than it was in 2001. Venezuela is no better, with a currency that has lost 99.7 percent of its value against the U.S. dollar since 1995.

Figures like these should serve as a wakeup call to the financially complacent among us.

Passport

White South African farmers apply for Australian visas to avoid persecution

farming truck
© Siphiwe Sibeko / Reuters
More than 200 farmers from South Africa have applied for humanitarian visas in Australia after allegedly suffering attacks for being white, according to the Australian Home Affairs Ministry.

"The type of criteria they of course have to meet - or the key one - is evidence of persecution, so that's exactly what we will be looking at," Home Affairs Deputy Secretary Malisa Golightly said. Home Affairs said 89 refugee visa applications relating to 213 people had been received, although they did not specify their ethnicity or any other details.

News reports emerged earlier this year revealing that white farmers in South Africa had faced persecution after the country's government approved a new law allowing for the confiscation of their lands, which would be transferred to black citizens.

Following the reports, Australian Home Affairs Minister Peter Dutton announced his willingness to start fast-tracking humanitarian visas for South Africans who had endured violent rural crime at home and wished to move Down Under. The step was slammed by the South African opposition, which called Australia, and those willing to escape there, 'racist.'

Comment: See also:


No Entry

Paris: Anti-Macron rally turns violent; police use tear gas and water cannons

Paris protest violence
Paris demonstrations against President Emmanuel Macron's social policies turned violent as protesters hurled projectiles at police and broke shop windows. Officers deployed tear gas and detained some protestors.

The gathering of civil servants and their supporters on Tuesday was initially peaceful, but got heated when some protestors targeted police with stones and fireworks, and broke shop windows.

Police responded with tear gas and water cannons in an attempt to disperse the protestors. At least one man was injured, with his head left bloodied.

Smiley

The Onion resurrects 2013 Cohen e-mail complaining about 'Donald Trump' op-ed

michael Cohen Trump
© Agence France-Presse
Michael Cohen (L) President Donald Trump (R)
The Onion has joined in on the media feeding frenzy surrounding Donald Trump's personal lawyer Michael Cohen, publishing an obtuse cease-and-desist letter that Cohen allegedly sent to the satirical site.

In a snarky piece published on Monday, The Onion revealed the contents of a strongly-worded e-mail sent to them by Cohen in January 2013. Objecting to a commentary piece satirically attributed to Trump, titled "When You're Feeling Low, Just Remember I'll Be Dead In About 15 Or 20 Years," Cohen wrote to The Onion: "The article is an absolutely disgusting piece that lacks any place in journalism; even in your Onion," adding that the obviously fake commentary "goes way beyond defamation." Cohen also warned the website that he would take "all actions necessary to ensure your actions do not go without consequence" if the piece was not immediately removed.

The Onion employed some of its world-famous wisecracking in an article revealing the letter's contents:

Comment: Onion writers stymied by American Politics' Inherent Ridiculousness


Wedding Rings

Royal Wedding: US press coverage 'reporting' as inane and useless as ever

Prince Harry Meghan Markle
The imprisoned desperate people of Gaza continue to grieve over the Israeli slaughter of over 60 civilians during protests coinciding with the dedication of the illegally re-situated U.S. embassy in Jerusalem. Parents and relatives in Texas were mourning the deaths of 10 students and teachers in yet another horrific school shooting at the Santa Fe High School, near Houston.

Meanwhile, Donald Trump, who continued to offer his "thoughts and prayers" over another snuffing out of the lives of students and educators, while he and his fellow Republicans continue to pocket millions of campaign dollars from the National Rifle Association, threatened the Federal Bureau of Investigation, the Department of Justice's Special Counsel, and the U.S. Postal Service in a manner befitting a La Cosa Nostra crime boss.

Trump believes that FBI "confidential informants" are actually "spies" and that he has the right to illegally cancel shipping contracts between the U.S. Postal Service and companies like Amazon. Trump is illegally using the presidency to financially damage Amazon because its owner, Jeff Bezos, owns "The Washington Post," a frequent Trump critic. In normal times, such malfeasance of office would dominate the news cycle.

So, what did the U.S. corporate press decide was more important than mass murder in the Middle East and Texas or high crimes and misdemeanors in the Oval Office? The answer is the royal pomp and ceremony of the Windsor, England wedding of Prince Harry and Meghan Markle, now the Duke and Duchess of Sussex.

Handcuffs

No joke: Polish satirist faces 3 years in jail for calling Poland "stupid"

poland polish flag
© Kacper Pempel / Reuters
A prominent Polish satirist is under investigation for defamation and faces up to three years in jail for a critical piece in which he called his home country "stupid," and compared the president to a TV show character.

Antoni Szpak is a veteran critic of the Polish government who started his comedy career in 1975, co-founding a student comedy show. He authored two books and publishes regular satirical articles in the weekly newspaper Angorze. One of them may cost him up to three years in prison.

The article, which was published in December 2017, criticized the celebration of the anniversary of Radio Maryja, a conservative Catholic radio station that has much sway in the country. The event was attended by many influential Polish politicians, government officials, and lawmakers, which, for the anticlerical-minded Szpak, deserved criticism.

Among other jabs in his column, he called Polish President Andrzej Duda 'Adrian' - the name of a character based on Duda in a Polish satirical political show. Szpak also called Poland a "stupid, backward country" for allowing such a cozy relationship between politicians and the clergy.

Comment: Poland, the Communists are calling and they want their values back.


Black Magic

'Russiagate' has unveiled the depth of corruption in American politics

Robert Mueller
For the last seventeen months now, the daily serving of American political news has included a generous helping of Robert Mueller, the Russiagate investigation that has morphed into an "is there any way possible we can get rid of Trump?" investigation, and a never changing but frothy lack of evidence to show that anything dishonest or disingenuous happened in Donald Trump's campaign to be President of the United States.

Now, according to an opinion piece released by the Hill on Sunday 20 May, one of the issues that has been hiding in plain sight is getting some attention.

That issue is the increasingly evident amount of corruption in the US government agencies, notably the intelligence services and the Justice Department.

Mark Penn, the writer of this piece, puts his thought forward:

Comment: Would things really be that much different after all? Nothing has really changed in Afghanistan nor Yemen. They are still beholden to Israel, and cushy with the Saudis. Russia is still the evil empire and Iran is back in the crosshairs (not that it wasn't). Perhaps these events may have moved along faster with Hillary but no matter who is in 'power', ultimately answers to the cabal of global capitalists who really dictate policy. What could be said is that Trump was a bit of a setback to their plans, and had the effect exposing how much corruption there is in Washington and in our news media.


Bullseye

Here's what I heard about the US during my visit to Iran

Iran flag
Iran is a dangerous place these days, at least in a car. Traffic in the cities here moves like Tetris, with drivers pushing their cars into any open space that will fit. Trips begin in chaos and play out in confusion. How it ends is always up to God's will, everyone says.

I went to Iran this month to attend a conference on the Palestinians, Jerusalem, and the greater Middle East sponsored by an Iran-based nongovernment organization. On the sidelines of the meeting, I met with students at Mashhad University, Ferdowsi University, and at a woman's educational institute, as well as with visiting scholars from Tehran.

Just before my trip the United States withdrew from the nuclear accord, and while I was in the northeastern city of Mashhad, officially moved the embassy in Israel to Jerusalem. These events were tracked in Iran as closely as World Cup scores, though absent celebration.

It was not hard to learn students' opinions. "What does America want from us? To force us to negotiate? We did, we agreed, already, in 2015," said one student in a reference to the year to nuclear agreement was signed. "Regime change - do Americans even know we vote for our government here?" said another. In answer to my query about Iranians having indeed overthrown one government 40 years ago, a grad student responded, "The Shah we overthrew, yes, but he was not selected by the Iranians, you installed him. Trump and Bolton [the names of the president and his national security adviser are almost always mentioned in one slur of mispronunciation] want us to change our government? And why do they think we will, because you make it harder for us to purchase Western goods?"

Dollar Gold

'Isolated' Russia to host leaders from world's largest investment funds at St. Petersburg forum

St. Petersburg
© Grigory Dukor / Reuters
Foreign investors who are expected to participate at the St. Petersburg International Economic Forum this week will discuss with President Vladimir Putin the "unjustified" assumptions about isolating Russia.

According to the head of the Russian Direct Investment Fund, Kirill Dmitriev, about 40 leaders of the world's largest investment funds from 20 countries with total assets of over $13.5 trillion will participate in the forum. This is a record for such meetings, Dmitriev explained.

"Foreign guests will discuss with President Putin that Russia has a good macroeconomic position and that they have benefited from investing in the Russian economy," he said, adding that "all assumptions that the Russian economy will be isolated were not justified."

Airplane

Search for missing Malaysia Airlines flight MH370 which vanished in 2014 to end next week

MH370-1
© AFP
Fragments of the plane have been found across the ocean
The private search for missing flight MH370, which vanished more than four years ago, will end next week.

Malaysia's new transport minister said the search for Malaysia Airlines flight MH370 by a private US firm will end on Tuesday next week and there will be no more extensions.

Houston-based Ocean Infinity has been searching for the aircraft that disappeared en route from Kuala Lumpur to Beijing on March 8, 2014, with 239 people on board, in one of the world's greatest aviation mysteries.

"This morning I raised this in cabinet and agreed to extend to May 29," Anthony Loke told reporters. Asked if that meant no more extensions, he said: "Yes."

All that has been found so far of the ill-fated flight MH370 is a handful of parts, such as part of a wing, washed up on remote islands across the world.

Comment: See also: